ECB Bancorp enhances change-in-control protections for executive

ECB Bancorp, Inc. ( (ECBK) ) has shared an update.

On December 17, 2025, ECB Bancorp, Inc. and Everett Co-operative Bank amended a Change in Control Agreement with Executive Vice President and Chief Lending Officer John Migliozzi, increasing his severance multiplier from 2.0x to 2.5x while leaving all other material terms unchanged. The move reflects an enhancement of Migliozzi’s change-in-control protections, which may signal the bank’s effort to retain key leadership and align executive incentives amid potential strategic or ownership changes, with implications for corporate governance and stakeholder expectations around executive compensation.

More about ECB Bancorp, Inc.

ECB Bancorp, Inc. is the holding company for Everett Co-operative Bank, a community banking institution that provides lending and other financial services, with a focus on serving local customers through its commercial and consumer banking operations.

Average Trading Volume: 10,670

Technical Sentiment Signal: Buy

Current Market Cap: $153.1M

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